Progressive Autoserve Private Limited

Auto repair and maintenance services for four wheeler vehicles, authorized by Tata Motors.

2008 | Delhi (India) | Active
Last Updated:

Progressive Autoserve Profile

Key Indicators

  • Authorised Capital ₹ 5.00 Cr
  • Paid Up Capital ₹ 3.60 Cr
  • Company Age 16 Year, 10 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 103.39 Cr
  • Satisfied Charges ₹ 1.70 Cr
  • Revenue Growth 40.46%
  • Profit Growth -28.68%
  • Ebitda -17.26%
  • Net Worth 6.51%
  • Total Assets 29.02%

About Progressive Autoserve

Progressive Autoserve Private Limited (PAPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 07 May 2008 and has a history of 16 years and ten months. Its registered office is in Delhi, India.

The Company is engaged in the Automotive Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 5.00 Cr and a paid-up capital of Rs 3.60 Cr.

The company currently has active open charges totaling ₹103.39 Cr. The company has closed loans amounting to ₹1.70 Cr, as per Ministry of Corporate Affairs (MCA) records.

Gajinder Yadav and Madhu Yadav serve as directors at the Company.

Company Details

  • Location

    Delhi, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U34300DL2008PTC177739

  • Company No.

    177739

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    07 May 2008

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Automotive

Who are the key members and board of directors at Progressive Autoserve?

Board Members (2)

NameDesignationAppointment DateStatus
Gajinder Yadav Country flag representing In Director 25-Feb-2021Current
Madhu Yadav Country flag representing In Director 07-Jan-2020Current

Financial Performance of Progressive Autoserve.

Progressive Autoserve Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 40.46% increase. The company also saw a substantial fall in profitability, with a 28.68% decrease in profit. The company's net worth moved up by a moderate rise of 6.51%.

Progressive Autoserve revenue growth over time
Progressive Autoserve profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
40.46%
Revenue from Operations
40.53%
Total Assets
29.02%
Profit or Loss
-28.68%
Net Worth
6.51%
EBITDA
-17.26%

What is the Ownership and Shareholding Structure of Progressive Autoserve?

In 2023, Progressive Autoserve had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹103.39 Cr

Satisfied Charges

₹1.70 Cr

Charges Breakdown by Lending Institutions

  • Others : 52.96 Cr
  • State Bank Of India : 49.73 Cr
  • Axis Bank Limited : 0.70 Cr

Latest Charge Details

DateLenderAmountStatus
05 Feb 2024Others₹16.00 CrOpen
06 Jan 2024State Bank Of India₹49.73 CrOpen
28 Dec 2023Others₹36.96 CrOpen
07 Aug 2023Axis Bank Limited₹6.98 MOpen
06 Jul 2020Others₹7.00 MSatisfied

How Many Employees Work at Progressive Autoserve?

Progressive Autoserve has a workforce of 619 employees as of Apr 03, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Progressive Autoserve Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Progressive Autoserve, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Progressive Autoserve's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Progressive Autoserve

Recent activity within the organization

  • Annual General Meeting

    Progressive Autoserve Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Progressive Autoserve Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.

  • Charges

    A charge registered on 06 Jul 2020 via Charge ID 100352940 with Others was fully satisfied on 19 Feb 2024.

  • Charges

    A charge with Others amounted to Rs. 16.00 Cr with Charge ID 100857044 was registered on 05 Feb 2024.

  • Charges

    A charge with State Bank Of India amounted to Rs. 49.73 Cr with Charge ID 100859514 was registered on 06 Jan 2024.

  • Charges

    A charge with Others amounted to Rs. 36.96 Cr with Charge ID 100850212 was registered on 28 Dec 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Progressive Autoserve Private Limited?

    Progressive Autoserve Private Limited was incorporated on 07 May 2008.

  • What is authorized share capital and paid-up capital of Progressive Autoserve Private Limited?

    The authorized share capital of Progressive Autoserve Private Limited is ₹ 5.00 Cr and paid-up capital is ₹ 3.60 Cr.

  • Who are the current board members & directors of Progressive Autoserve Private Limited?

    Currently 2 directors are associated with Progressive Autoserve Private Limited.

    • Gajinder Yadav
    • Madhu Yadav

  • What is the registered address of Progressive Autoserve Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Progressive Autoserve Private Limited is Shop No. 18 First Floor Block-Sd Near Metro Station, Pitampura India, New Delhi, 110034.

  • What is the corporate identification number (CIN) and company number of Progressive Autoserve Private Limited?

    The corporate identification number (CIN) of Progressive Autoserve Private Limited is U34300DL2008PTC177739 and the company number is 177739 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Progressive Autoserve Private Limited?

    The Official website of Progressive Autoserve Private Limited is https://www.progressiveamc.co.in

  • What has been the recent revenue trend for Progressive Autoserve Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Progressive Autoserve Private Limited has risen by 40.46%.

  • How many employees does Progressive Autoserve Private Limited currently have?

    As Per 2023 financial reports, 619 employees are currently employed by Progressive Autoserve Private Limited.

  • What change has been observed in the net worth of Progressive Autoserve Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Progressive Autoserve Private Limited has experienced an upsurge of 6.51%.

  • What are the total open charges for Progressive Autoserve Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Progressive Autoserve Private Limited amount to ₹ 103.39 Cr.

  • When was the last Balance Sheet of Progressive Autoserve Private Limited filed with the ROC?

    The most recent Balance Sheet for Progressive Autoserve Private Limited was filed with the ROC on 31 Mar 2024.

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